604 2Nd St Rio Grande City, TX 78582
This exceptional commercial land opportunity presents a 12,997.868 square foot lot ideally situated in the heart of Rio Grande City, Texas, at 604 W 2nd Street, zip code 78582. The property, built in 1950, comprises two combined city lots offering significant potential for development. An existing house is included in the sale, sold "as is." This presents a unique chance to either renovate the existing structure or build a new commercial venture. The strategic location on 2nd Street ensures high visibility and accessibility. Further expansion possibilities exist with adjacent lots available for purchase. To the east, two additional lots are available, and four more lots are situated at the rear of the property, potentially expanding the total land area to up to 52,000 square feet. This presents a rare opportunity to acquire a substantial commercial property in a thriving Texas city. The asking price for this prime commercial land is $209,000. Don't miss this chance to secure a significant foothold in Rio Grande City's commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.